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��15�199� satisfaction, proti�ided that such inspection shall be undertaken promptly. Lender rn.ay pay for the repa�rs and rest�ration in a sin�Ye disbursement or in a series of pro�ress payments as the work is completed. Unless an agr�ement is made in�vriting�r App�ica�le Law requires interest to be paid on such Miscel�aneous Pro�eeds, Lender sha11 not be required to pay Borrower any interest or ea.rnings on such Miscellaneous Praceeds. If the restoration ar repa.ir is not econ�micall�r feasible or Lender's securi�}��ou1d be lessened, the Miscellaneous Pro�eeds shall be applied to the sums se�ur�d by this Security Instrument, whe�her ar no�then due, ��vith the exces�, if an�, pa.�d to Borrou�er. Such Miscellan�ous Proceeds sha11 be applied in ihe�rder pro�ided for i�i Secuo��2. In the e��ent of a total taking, destruct�on, or l�ss�n va.lue of the Praperty°, the Miscellaneous Proceeds sha11 be a lied�o the sums secured by this Securit�Instrument, v��hether or not then due; with th�excess, if any, PP - paid ta Barro��ver. In the event of a artial taking, destruc�ion, or lvss in 1�alue of th�Property in which the fair market value vf P thc Pro c immcdia�cly bcfarc the pa.r�ia1 taking, dcstruc�on, or loss in�alue is eQual ta or grcarcr#han thc p �Y amoun�of thc sums sc�urcd�y tlus Sccurit�Instrun�nt immcdiatel�beforc thc partial taking, dcstru�tion. or lo ss in�alue, ur�le ss Bo rrflv�er and Le nde r othe�vv�se agree in w riting, the sums secured bv thi.s Security Instrument shall�e reduced bv the amount of the Miscellaneous Praceeds muitiplied b��the follov�ing fraction: a the total amount of the sums secured imm�diately before the partial taking, destruc�i�n, 4r loss � } in value divided�y�h}the fair mairket value of the Property immediately bef�re the partia�taking, destruetion, or loss in value. Any balance shall be paid to Borrower. In thc cvcnt of a artial taking, dcstruction, or 14ss in��a�uc vf thc Property in which thc fair market valuc of P thc Pro crtv immcdia�ely�cfarc thc par�ial taking, dcstruction, or loss in valuc Ys lcss than thc amount�f t�hc I� _ sums se�ured immedratel�b�fore the par�ial taking, destruction, �r loss in value, unless Borro�ver and Lender athen�vise agree in v�Triting, the Miscellaneous Froceeds sha11 be applied to the sum.s secured by this Security Instrument�vhether�r not the sums are then due. If the Pro e �is abandoned b��Borrower, or if, �ft�r notice hy Lender to Barro�ver that the�pposing Party' P � � as defined in the next s�ntence}offers tv make an award to settle a�laim f�r datnages, Borro��ver fails to r s nd to Lender within 30 days after the date�he notice i5 given, Lender is au�harized to co11ect and appltir e pa the Miscellancou5 Procccds eitihcr to restoratian or rcpair�f thc Property or to thc sums sccurcd��thi� Sccurity Ins�rumcnt. whcthcr or nvt thcn duc. "Opposing Pa�ty" means thc�urd party that owcs Borrowcr MiscellaneQus Praceeds or the p�rty against whom Borrower has a nghti of actian in re�ard to Miscel1aneous Pro�eeds. Borrow�r sha11 be in default if an�•action or proceeding, whether civil or crinunal, is hegun tha�, in Lender's 'ud ment cvu�d result in forfeiture of the Property or other material impairment of Lender's in�erest in the � � ' if acceleration has Pra ert�r or rights under this Security Instrument. Borrawer�an cure such a defaul�and, p vccurred. reinstate as provided in Section 1�, b��causing the actian or pr4ceeding to be d�smissed��v�th a rulin �hat in Lcnder's judgrncnt, proclu�cs forfciture of thc Property or oth�r matcrial impairmcnt of � � Lcndcr's i�t�rest in thc Prvperty or rights undcr th�s Sccurity Ir�strumcnt. The procccds of an�award or cla.uri for darr� es that are attributable to the impai�'rnent of Lender's�n�erest in the Property are hereb_y g assigned and shail�e paid�o Lender. A1 1 Miscellaneous Proceeds th,at are not applied to re�tara�ion or repair of the Propert� sha.11 be ap�alied in th� order provided for in 5ection 2. 23aD3�1489 D Vfi�IE Form 3U28 1101 N��RRSICA-5�ngle Family-Fan�ie M aelFra�d+e Mac LNIFDRM INSTRLIM BVT V M Pfi�NE;�13[]�} v�p� Page1Daf17 �1lolters Kluwer Financial 5ervaces